U.S. private employers laid off 27,000 jobs in March, according to the ADP non-farm employment report released on Wednesday.
Analysts had predicted jobs cut of 150,000 after a revised 179,000 jobs in February, which was 183,000 before revision.
As known, this report is carefully watched as it provides clues about the health of the labor market ahead of Friday’s non-farm payrolls figures.
The government NFP may show the U.S. employers deducted 100,000 jobs last month, while the unemployment rate rose to 3.8 percent from 3.5 percent.
As of 12:32 GMT, the
dollar traded higher at 99.80 compared to the session’s open at 98.97, ahead of
the US ISM manufacturing PMI for March due after 90 minutes.